10 Posts

loan

Categories

IMF technical experts ‘reach’ Pakistan for budgetary, loan talks

  • 2 min
IMF technical experts have arrived in Pakistan to discuss a new loan program and assist with budget preparations for the FY2024-25 budget. The team will stay for over 10 days and will work with the finance ministry to finalize important budgetary targets, including loan repayments, government expenditures, and tax collection targets.
Categories

IMF mission to arrive in Pakistan in May for new loan

  • 3 min
IMF mission to arrive in Pakistan in May for new 'long-term and larger' loan negotiations, aiming to aid government in repaying debt. Challenges include a failed tax amnesty scheme, declining tax collections, and missing primary budget surplus targets. Pakistan received $1.1 billion tranche from IMF, seeking a new long-term and larger loan for macroeconomic stability and structural reforms.
Categories

IMF board approves $1.1bn loan tranche for Pakistan

  • 3 min
The IMF board approved a $1.1 billion loan tranche for Pakistan, marking the completion of the second bailout package. The funding is the third and final tranche of a $3 billion standby arrangement to avert a sovereign default. Pakistan is aiming for a new, larger IMF loan to support macroeconomic stability and structural reforms.
Categories

Pakistan to ‘seek’ fresh IMF loan program

  • 2 min
Pakistan's newly-elected PML-N-led government has decided to seek a fresh loan program from the International Monetary Fund (IMF), with the Ministry of Finance initiating action on the premier's directives. The country aims to secure $6 to 8 billion, anticipating stricter IMF conditions. This move reflects the challenging task of managing increasing debts and repayment of existing loans, with the need to bolster revenue generation and balance payments. Tough decisions on electricity and gas price hikes are expected, while negotiations under the existing short-term IMF loan program are pending.
Categories

Pakistan likely to sign fresh IMF loan programme

  • 2 min
Pakistan is likely to sign a new three-year loan program with the IMF to replace the current one. The program will include sharing budget proposals for FY-2024-25 and committing to raising electricity and gas prices while reducing subsidies. The new conditions are expected to be tougher than the current program.